wiz-icon
MyQuestionIcon
MyQuestionIcon
6
You visited us 6 times! Enjoying our articles? Unlock Full Access!
Question

In case of partnership at will, the firm may be dissolved if any ______ of the partners give a notice in writing to the other partners, signifying his intention of seeking dissolution of the firm.

A
One
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Two
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
All
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Some
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A One
Dissolution of a partnership firm may take place without the intervention of court or by the order of a court, in any of the ways specified. It may be noted that dissolution of the firm necessarily brings in dissolution of the partnership.
Dissolution by notice is one of the ways for dissolution of a firm. In case of partnership at will, the firm may be dissolved if any one of the partner gives a notice in writing to the other partners, signifying his intention of seeking dissolution of the firm.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Death during the Year
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon